Facebook’s Meta fined for breaches of Italian gambling ads ban

ROME (Reuters) – Meta Platforms (NASDAQ:), the parent company of Facebook, has become the latest tech company to be fined in Italy for breaches of a ban on the advertising of gambling.

Meta has been fined 5.85 million euros ($6.45 million) in connection with profiles and accounts on Facebook and Instagram, as well as sponsored content which promoted either betting or games with cash prizes, communications watchdog AGCOM said in a statement on Friday.

There was no immediate comment from Meta.

Earlier this month, AGCOM announced fines for Alphabet (NASDAQ:) Inc’s YouTube and Amazon (NASDAQ:)’s Twitch for breaching the ban. YouTube and Twitch were fined 2.25 million euros and 900,000 euros respectively. ($1 = 0.9069 euros)